At the beginning of the month, Supplies were $500. During the month, the company purchased...
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At the beginning of the month, Supplies were $500. During the month, the company purchased $600 of supples. At month's end, November 30 , $400 of supples were stil on hand. a. What was the cost of supplies used during the month? Where is this item reported? b. Where is the ending balance of supplas reported? c. Make the adjusting entry to update the Supples account at the end of the month. a. What was the cost of supplies used during the month? Where is this item reported? The cost of supplies used during the month was ? The cost of suppiles is reported among the on the b. Where is the ending balance of supplies reported? The ending balance of Supplies is reported among the on the c. Make the adjusting entry to update the Supplies account at the end of the month. (Record debits first, then credits. Select the explanation on the last line of the journal entry table
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